LONDON Lumidrives, the U.K. based LED technology provider, has seen turnover for 2005 rise 25% to £3.5million following the launch of new products and strong export sales growth. Gordon Routledge, managing director, said, “Not only are sales up 25%, our staff team has also grown and our factory size has also expanded by 50%.”
Founded in 2001, Lumidrives (Knaresborough) was one of the first companies to realise the potential of high powered LED technology in illumination applications. It specialises in the development of components to enable applications in solid state lighting, including power drivers, LED arrays and optics. The company also offers design services for LED based illumination systems.
Lumidrives’ 2005 growth follows on the back of a doubling of turnover in 2004. Exports now account for 40% of sales with new customers located in Japan, Canada, Turkey, Hungary, Poland, Romania and the Czech Republic.
The company’s technology is used in a cross section of applications ranging from exterior and interior lighting systems to medical and industrial applications. New products include a range of optics and a low cost lighting control system ideal for use in retail environments.